Shares of Snowflake doubled during their first day of trading debut after the largest initial public offering ever for a US software company, in the latest sign of Wall Street’s huge demand for cloud computing service businesses. The company’s market value on Wednesday reached seven times the $12.4bn valuation achieved in its most recent fundraising round in February.

Snowflake’s listing on the bourse is evidence of the rising demand for tech companies focusing on the shift to remote working. 

Performance Snowflake’s shares (Source: Tradingview.com)